Spacelabs Healthcare Expands Clinical Informatics Capabilities With Acquisition Of Predictive Analytics Company PeraHealth

SNOQUALMIE, Wash.--(BUSINESS WIRE)--#spacelabs--Spacelabs Healthcare today announced that it has acquired predictive analytics company PeraHealth. Founded in 2010, PeraHealth develops predictive enterprise software based on the Rothman Index, a score to quantify patient acuity. PeraHealth’s solutions alert clinicians to patient deterioration, helping to reduce in-hospital mortality, unplanned transfers to the ICU, and to drive more timely palliative care consults. PeraHealth’s Rothman Index is the only FDA-cleared predictive analytics solution of its kind on the market today.

The Spacelabs team will continue the journey that the Rothman brothers and PeraHealth started more than 10 years ago to provide clinicians with a visual dashboard of the patient’s condition in real-time, helping them to detect changes before they become life-threatening.

“Our mission at Spacelabs is to empower care teams to achieve superior outcomes by providing seamless, high-quality actionable insights,” said Spacelabs President Shalabh Chandra. “By integrating PeraHealth’s powerful analytics into Spacelabs’ digital health portfolio, we can help healthcare organizations deliver better outcomes and decrease costs with a clearer picture of their patients’ health.”

“The alignment of our vision with that of Spacelabs is remarkable,” said Joseph Beals, PhD, former CEO of PeraHealth, who will lead Spacelabs’ data science strategy after the acquisition. “We are confident that Spacelabs will build on the success of PeraHealth’s solutions to further improve patient care, and together we will write the next chapter in digital health innovation.”

About Spacelabs

Spacelabs (www.spacelabshealthcare.com), a division of OSI Systems, Inc., is provider of medical equipment and services, including solutions for patient monitoring and connectivity, diagnostic cardiology, and supplies and accessories selling to hospitals, clinics and physician offices. The Company has offices in the United States, United Kingdom, Canada, France, Germany, Italy, and Singapore, and distributors in more than 100 countries around the world. For more information about Spacelabs Healthcare, visit www.spacelabshealthcare.com.

About OSI Systems

OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end-product markets. For more information on OSI Systems and its subsidiary companies, visit www.osi-systems.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to OSI Systems’ current expectations, beliefs, and projections concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance and involve uncertainties, risks, assumptions, and contingencies, many of which are outside OSI Systems’ control and which may cause actual results to differ materially from those described in or implied by any forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are based on currently available information and speak only as of the date on which they are made. OSI Systems assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information, or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws. For a further discussion of factors that could cause OSI Systems’ future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in OSI Systems’ most recently filed Annual Report on Form 10-K and other risks described therein and in documents subsequently filed by OSI Systems from time to time with the Securities and Exchange Commission.

Contacts

Paul Sogge
paul.sogge@spacelabshealthcare.com